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Reimagining the Future of Multifamily Construction

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  Introduction The construction industry has undergone a major shift over the past few years. It's no longer just about building homes and apartments from the ground up. It's also about finding new ways to build those homes faster, cheaper and smarter. Modular construction is one of those ways — and it could be poised for a growth spurt in the multifamily sector. Multifamily construction is booming. Multifamily construction is booming. There are many reasons for this growth—the need for more affordable housing, the desire to pursue a different lifestyle, and so on—but one thing is clear: Multifamily buildings are going up at a rapid clip. But what makes these projects so popular? Why do they have such staying power in our society? And where will they be in another decade or two? Multifamily is a driving market force. Multifamily is a driving market force. It’s the largest segment of the commercial real estate industry and accounts for more than 75% of all leasing ac